Sorry- no computer access at my hotel. Report: BIGGEST (and probably the BEST) SUMMER SHOW EVER! Lots of people. Lots of business for everyone. Dealers report their coin shops are also swamped. Bullion was very popular. Masks optional inside the show. PS I couldn't believe the prices of "bullion" coins from other countries when I looked to buy some. I guess my mind is stuck at $1300 gold levels. I bought an interesting book: Bad Money. It is about contemporary counterfeits and appears to be very well done.
Sounds like everyone wants to swap their dollars for harder assets before they lose any more of their purchasing power.
I have no idea. If dealer results from Lakeland and FUN continue, getting fresh inventory or keeping anything around may become difficult. I'm going to a shop today and will see how they did at the show. Don't swap 65 Morgan's yet. Apparently they took a big jump in price just before the show. Otherwise, time to sell? I watched a common date MS-62 CC dollar in a government case graded MS-62 by NGC sell for $440.
Definitely spoke his mind. The only place I was ever banned from was a golf course in my younger days.
My local Jaycee chapter had an annual golf outing. This particular year it started storming around tee time so we were delayed about 5 hours. To pass the time we all drank at the bar. Needless to say, the fun wasn't playing golf once we got on the course. I guess the golf course manager didn't appreciate our golf cart races and the one that ended up in the pond.
Not just Morgans...how about a 1928-S Peace dollar in 65 jumping from less than 2k to over 15k in the course of just a couple/few months in both the NGC and PCGS online price guides. Not sure when the larger jump(s) occurred, if incrementally or what...don't normally track these with an regularity...but has happened with many Morgans and Peace, if maybe not nearly as much as this one.
I don't believe the '28-S Peace Dollar in MS65 has seen $2K in some 40 years or so. Please check your source again.
I saw GSAs, common 1884-CCs both raw in the box and certified going for big money, around $450 and up. These coins have skyrocketed since I had 10 of them appraised for an estate in August 2020 at $190 each, raw in the original GSA box.
I could not believe the price jump in gem grade Morgans, particularly CC and PL Morgans. I got an offer from a friend for a PCGS MS 65 1883cc PL, that I bought 4 months ago that was actually double what I paid.
This is indicative of market-making in common coins in response to new interest in collectibles. Short-term, we can thank the unjustifiable levels in other areas that investors traditionally look to for profits. We can also eventually lament the popping of the bubble this will grow to. Unfortunately, it will take down coins across the board when that happens. Lots of misguided / misinformed people are going to get hurt.
In September 2020, I bought a 1921 Peace Dollar, ICG MS63, for $330. I had no connection with the coin except I thought it might make a nice set with a 2021 Peace Dollar. Seeing as those will very difficult to get, and seeing recent auction prices, I decided put it on ebay for a true auction starting at $1. It sold for $1050.